Reminds me a little of "Lexorank" used in Jira[0], except by using decimals instead of base-36 strings, which I guess could be more efficient? The "rebalancing" aspect is interesting because on a long enough timescale for a document you will definitely want to do it. Would love to read up more on any algorithms for doing this in a p2p manner - with a central server it's probably quite easy using some tombstoning or something.

[0] https://stackoverflow.com/questions/40718900/jiras-lexorank-...